2016 Q3 Form 10-Q Financial Statement
#000093652816000075 Filed on July 28, 2016
Income Statement
Concept | 2016 Q3 | 2016 Q2 | 2015 Q2 |
---|---|---|---|
Revenue | $132.9M | $133.7M | $129.3M |
YoY Change | -1.82% | 3.43% | -4.23% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | -$2.600M | $14.50M | $8.500M |
YoY Change | -223.81% | 70.59% | 240.0% |
% of Gross Profit | |||
Operating Expenses | |||
YoY Change | |||
Operating Profit | |||
YoY Change | |||
Interest Expense | $30.06M | $29.50M | $28.74M |
YoY Change | 5.51% | 2.64% | -9.44% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $65.34M | $65.16M | $60.78M |
YoY Change | -1.22% | 7.21% | 3.01% |
Income Tax | $21.12M | $22.15M | $21.73M |
% Of Pretax Income | 32.32% | 34.0% | 35.75% |
Net Earnings | $44.22M | $43.00M | $39.05M |
YoY Change | 4.06% | 10.13% | 3.01% |
Net Earnings / Revenue | 33.28% | 32.16% | 30.2% |
Basic Earnings Per Share | $0.49 | $0.47 | $0.41 |
Diluted Earnings Per Share | $0.49 | $0.47 | $0.41 |
COMMON SHARES | |||
Basic Shares Outstanding | 90.49M shares | 90.93M shares | 94.47M shares |
Diluted Shares Outstanding | 91.47M shares | 94.90M shares |
Balance Sheet
Concept | 2016 Q3 | 2016 Q2 | 2015 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $450.4M | $530.1M | $349.6M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | |||
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $282.0M | $295.3M | $267.8M |
YoY Change | 2.06% | 10.27% | 8.52% |
Goodwill | $291.5M | $291.5M | |
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | |||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | |||
Total Long-Term Assets | |||
Total Assets | $14.89B | $14.82B | $14.37B |
YoY Change | 2.19% | 3.14% | -2.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $189.0M | $167.0M | $72.00M |
YoY Change | 87.13% | 131.94% | -4.0% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $189.0M | $167.0M | $72.00M |
YoY Change | 87.13% | 131.94% | -4.0% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $43.00M | $33.00M | $31.00M |
YoY Change | -14.0% | 6.45% | 6.9% |
Total Long-Term Liabilities | $43.00M | $33.00M | $31.00M |
YoY Change | -14.0% | 6.45% | 6.9% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $189.0M | $167.0M | $72.00M |
Total Long-Term Liabilities | $43.00M | $33.00M | $31.00M |
Total Liabilities | $12.91B | $12.86B | $12.41B |
YoY Change | 2.38% | 3.61% | -3.03% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $943.9M | $912.2M | $799.4M |
YoY Change | 13.75% | 14.11% | 17.58% |
Common Stock | $1.783B | $1.788B | $1.777B |
YoY Change | 0.3% | 0.6% | 0.31% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $739.7M | $721.9M | $628.2M |
YoY Change | 13.48% | 14.92% | 29.5% |
Treasury Stock Shares | 44.63M shares | 43.92M shares | 39.71M shares |
Shareholders Equity | $1.976B | $1.962B | $1.959B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $14.89B | $14.82B | $14.37B |
YoY Change | 2.19% | 3.14% | -2.84% |
Cashflow Statement
Concept | 2016 Q3 | 2016 Q2 | 2015 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $44.22M | $43.00M | $39.05M |
YoY Change | 4.06% | 10.13% | 3.01% |
Depreciation, Depletion And Amortization | -$2.600M | $14.50M | $8.500M |
YoY Change | -223.81% | 70.59% | 240.0% |
Cash From Operating Activities | $52.20M | $34.00M | $13.80M |
YoY Change | -25.53% | 146.38% | -24.18% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$2.600M | -$1.100M | -$7.700M |
YoY Change | -78.86% | -85.71% | -51.57% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$125.8M | $113.6M | -$82.80M |
YoY Change | -51.76% | -237.2% | -120.64% |
Cash From Investing Activities | -$128.5M | $112.5M | -$90.50M |
YoY Change | -52.95% | -224.31% | -123.5% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -3.400M | 107.5M | -248.8M |
YoY Change | -102.47% | -143.21% | 65.54% |
NET CHANGE | |||
Cash From Operating Activities | 52.20M | 34.00M | 13.80M |
Cash From Investing Activities | -128.5M | 112.5M | -90.50M |
Cash From Financing Activities | -3.400M | 107.5M | -248.8M |
Net Change In Cash | -79.70M | 254.0M | -325.5M |
YoY Change | 21.68% | -178.03% | -228.66% |
FREE CASH FLOW | |||
Cash From Operating Activities | $52.20M | $34.00M | $13.80M |
Capital Expenditures | -$2.600M | -$1.100M | -$7.700M |
Free Cash Flow | $54.80M | $35.10M | $21.50M |
YoY Change | -33.5% | 63.26% | -36.95% |
Facts In Submission
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---|---|---|---|---|
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Q3 | ||
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Document Fiscal Year Focus
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2016 | ||
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Document Period End Date
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2016-06-30 | ||
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10-Q | ||
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5234000 | USD | |
CY2015Q2 | us-gaap |
Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
|
10 | contract |
us-gaap |
Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
|
71 | contract | |
CY2016Q2 | us-gaap |
Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
|
9 | contract |
us-gaap |
Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
|
24 | contract | |
us-gaap |
Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
|
5845000 | USD | |
CY2015Q2 | us-gaap |
Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
|
1814000 | USD |
us-gaap |
Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
|
19308000 | USD | |
CY2016Q2 | us-gaap |
Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
|
3050000 | USD |
CY2015Q2 | us-gaap |
Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
|
1814000 | USD |
us-gaap |
Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
|
19308000 | USD | |
CY2016Q2 | us-gaap |
Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
|
3050000 | USD |
us-gaap |
Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
|
5845000 | USD | |
CY2015Q3 | us-gaap |
Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
|
9263876000 | USD |
CY2016Q2 | us-gaap |
Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
|
9719843000 | USD |
CY2015Q3 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
82598000 | USD |
CY2016Q2 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
71637000 | USD |
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
0 | USD | |
CY2015Q2 | us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
9639000 | USD |
us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
9639000 | USD | |
CY2016Q2 | us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
0 | USD |
us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
0 | USD | |
CY2015Q2 | us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
3188000 | USD |
us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
4976000 | USD | |
CY2016Q2 | us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
5087000 | USD |
us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
10401000 | USD | |
CY2015Q3 | us-gaap |
Goodwill
Goodwill
|
291503000 | USD |
CY2016Q2 | us-gaap |
Goodwill
Goodwill
|
291503000 | USD |
CY2015Q3 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
1643216000 | USD |
CY2016Q2 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
1492480000 | USD |
CY2015 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
333815000 | USD |
us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
275273000 | USD | |
CY2015Q3 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
341579000 | USD |
CY2016Q2 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
276538000 | USD |
CY2015Q3 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
6678000 | USD |
CY2016Q2 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
4406000 | USD |
CY2015Q3 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
381223000 | USD |
CY2016Q2 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
308894000 | USD |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
60777000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
183374000 | USD | |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
65158000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
182795000 | USD | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
21727000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
65556000 | USD | |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
22154000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
62970000 | USD | |
CY2015Q3 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
14513000 | USD |
CY2016Q2 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
16189000 | USD |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
48096000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
47289000 | USD | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-12487000 | USD | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-3541000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-23738000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
45594000 | USD | |
us-gaap |
Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
|
1652000 | USD | |
us-gaap |
Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
|
-17015000 | USD | |
us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
-138390000 | USD | |
us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
-52711000 | USD | |
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
10883000 | USD | |
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
7654000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
37376000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
13895000 | USD | |
CY2015Q2 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
3783000 | USD |
us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
11695000 | USD | |
CY2016Q2 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
7669000 | USD |
us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
23832000 | USD | |
CY2015Q2 | us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
107250000 | USD |
us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
324817000 | USD | |
CY2016Q2 | us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
113728000 | USD |
us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
339802000 | USD | |
CY2015Q2 | us-gaap |
Interest Expense
InterestExpense
|
28735000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
88586000 | USD | |
CY2016Q2 | us-gaap |
Interest Expense
InterestExpense
|
29495000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
86488000 | USD | |
CY2015Q2 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
16250000 | USD |
us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
50082000 | USD | |
CY2016Q2 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
16221000 | USD |
us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
47426000 | USD | |
CY2015Q2 | us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
12485000 | USD |
us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
38504000 | USD | |
CY2016Q2 | us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
13274000 | USD |
us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
39062000 | USD | |
CY2015Q2 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
102497000 | USD |
us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
318009000 | USD | |
CY2016Q2 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
105890000 | USD |
us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
320584000 | USD | |
CY2015Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
100565000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
306628000 | USD | |
CY2016Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
104240000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
317434000 | USD | |
CY2015Q2 | us-gaap |
Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
|
16995000 | USD |
us-gaap |
Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
|
54313000 | USD | |
CY2016Q2 | us-gaap |
Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
|
15297000 | USD |
us-gaap |
Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
|
49130000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
88511000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
86007000 | USD | |
CY2015Q2 | us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
129300000 | USD |
us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
395214000 | USD | |
CY2016Q2 | us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
133735000 | USD |
us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
403922000 | USD | |
CY2015Q3 | us-gaap |
Investments
Investments
|
4008666000 | USD |
CY2016Q2 | us-gaap |
Investments
Investments
|
3451644000 | USD |
CY2015Q3 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
4017983000 | USD |
CY2016Q2 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
3482535000 | USD |
CY2015Q2 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
29824000 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
89453000 | USD | |
CY2016Q2 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
27333000 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
86217000 | USD | |
CY2015Q3 | us-gaap |
Liabilities
Liabilities
|
12612645000 | USD |
CY2016Q2 | us-gaap |
Liabilities
Liabilities
|
12859415000 | USD |
CY2015Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
14568324000 | USD |
CY2016Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
14821600000 | USD |
CY2015Q3 | us-gaap |
Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
|
38916000 | USD |
CY2016Q2 | us-gaap |
Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
|
37113000 | USD |
CY2015Q3 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
|
9823270000 | USD |
CY2016Q2 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
|
10572201000 | USD |
us-gaap |
Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
|
1865000 | USD | |
CY2015Q3 | us-gaap |
Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
|
67810000 | USD |
CY2016Q2 | us-gaap |
Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
|
47349000 | USD |
CY2015Q3 | us-gaap |
Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
|
476796000 | USD |
CY2016Q2 | us-gaap |
Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
|
780721000 | USD |
CY2015Q3 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
9170634000 | USD |
CY2016Q2 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
9628576000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-487662000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
79131000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-17397000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2580000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
72766000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
169455000 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
39050000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
117818000 | USD | |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
43004000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
119825000 | USD | |
CY2015Q2 | us-gaap |
Noninterest Expense
NoninterestExpense
|
56719000 | USD |
us-gaap |
Noninterest Expense
NoninterestExpense
|
167642000 | USD | |
CY2016Q2 | us-gaap |
Noninterest Expense
NoninterestExpense
|
56305000 | USD |
us-gaap |
Noninterest Expense
NoninterestExpense
|
180040000 | USD | |
CY2015Q2 | us-gaap |
Noninterest Income
NoninterestIncome
|
11811000 | USD |
us-gaap |
Noninterest Income
NoninterestIncome
|
28031000 | USD | |
CY2016Q2 | us-gaap |
Noninterest Income
NoninterestIncome
|
10486000 | USD |
us-gaap |
Noninterest Income
NoninterestIncome
|
31850000 | USD | |
CY2015Q2 | us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
3042000 | USD |
us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
6380000 | USD | |
CY2016Q2 | us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
4088000 | USD |
us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
11502000 | USD | |
CY2015Q2 | us-gaap |
Occupancy Net
OccupancyNet
|
8492000 | USD |
us-gaap |
Occupancy Net
OccupancyNet
|
24866000 | USD | |
CY2016Q2 | us-gaap |
Occupancy Net
OccupancyNet
|
8515000 | USD |
us-gaap |
Occupancy Net
OccupancyNet
|
26075000 | USD | |
CY2015Q3 | us-gaap |
Other Assets
OtherAssets
|
188523000 | USD |
CY2016Q2 | us-gaap |
Other Assets
OtherAssets
|
199394000 | USD |
CY2015Q2 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-16042000 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-7425000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-610000 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-2789000 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
3534000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
-2306000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
-6508000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
-13269000 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
2053000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
-1340000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
-3782000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
-7709000 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-12508000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-9731000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-7118000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-16058000 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
-9639000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
-9639000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
0 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
9320000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
4314000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
355000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
1620000 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
5587000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-3646000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-10290000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-20978000 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-35001000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-21378000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-965000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-4409000 | USD | |
CY2015Q2 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
6068000 | USD |
us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
18975000 | USD | |
CY2016Q2 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
6097000 | USD |
us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
22034000 | USD | |
us-gaap |
Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
|
-55649000 | USD | |
us-gaap |
Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
|
-26340000 | USD | |
wfsl |
Loansand Leases Receivable Impaired Nonperforming Nonaccrual Interest Income Recognized
LoansandLeasesReceivableImpairedNonperformingNonaccrualInterestIncomeRecognized
|
4100000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
103049000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
70048000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
38997000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
37415000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
329490000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
50742000 | USD | |
us-gaap |
Payments To Acquire Federal Reserve Stock
PaymentsToAcquireFederalReserveStock
|
0 | USD | |
us-gaap |
Payments To Acquire Federal Reserve Stock
PaymentsToAcquireFederalReserveStock
|
36347000 | USD | |
us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
249382000 | USD | |
us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
0 | USD | |
us-gaap |
Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
|
100000000 | USD | |
us-gaap |
Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
|
100000000 | USD | |
us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
183406000 | USD | |
us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
51646000 | USD | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
918000000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
502561000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
452948000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
207954000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
146211000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
244749000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
|
63077000 | USD | |
us-gaap |
Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
|
53573000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1676000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
6320000 | USD | |
CY2015Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
276247000 | USD |
CY2016Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
295348000 | USD |
CY2015Q2 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
-1932000 | USD |
us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
-11381000 | USD | |
CY2016Q2 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
-1650000 | USD |
us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
-3150000 | USD | |
CY2015Q3 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
61098000 | USD |
CY2016Q2 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
31682000 | USD |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
210554000 | USD | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
668000000 | USD | |
CY2015Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
829754000 | USD |
CY2016Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
912164000 | USD |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
2821000 | USD | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
2982000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
900000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
900000 | USD | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1676000 | USD | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
6320000 | USD | |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
900000 | USD | |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
900000 | USD | |
CY2016Q2 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
1041309 | shares |
CY2015Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
1171662 | shares |
CY2016Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
1097397 | shares |
CY2014Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1973283000 | USD |
CY2015Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1959121000 | USD |
CY2015Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1955679000 | USD |
CY2016Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1962185000 | USD |
CY2015Q3 | us-gaap |
Time Deposits
TimeDeposits
|
4810825000 | USD |
CY2016Q2 | us-gaap |
Time Deposits
TimeDeposits
|
4658674000 | USD |
CY2015Q2 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
21.93 | |
CY2016Q2 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
23.33 | |
CY2015Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
40759408 | shares |
CY2016Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
43919329 | shares |
CY2015Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
651836000 | USD |
CY2016Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
721884000 | USD |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
103049000 | USD | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
70048000 | USD | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
94904262 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
96726085 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
91468662 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
92393644 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
94466524 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
96335777 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
90928847 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
91901632 | shares | |
CY2016Q2 | wfsl |
Acquired Loans Subjectto General Allowance
AcquiredLoansSubjecttoGeneralAllowance
|
21158000 | USD |
CY2015 | wfsl |
Additionsdeletionsto Fdic Indemnification Asset
AdditionsdeletionstoFDICIndemnificationAsset
|
-1795000 | USD |
wfsl |
Additionsdeletionsto Fdic Indemnification Asset
AdditionsdeletionstoFDICIndemnificationAsset
|
0 | USD | |
wfsl |
Amortization Accretion Of Fees Discounts Premiums And Intangible Assets Net
AmortizationAccretionOfFeesDiscountsPremiumsAndIntangibleAssetsNet
|
19075000 | USD | |
wfsl |
Amortization Accretion Of Fees Discounts Premiums And Intangible Assets Net
AmortizationAccretionOfFeesDiscountsPremiumsAndIntangibleAssetsNet
|
25577000 | USD | |
CY2015Q3 | wfsl |
Available For Sale Securities Yield
AvailableForSaleSecuritiesYield
|
0.0197 | |
CY2016Q2 | wfsl |
Available For Sale Securities Yield
AvailableForSaleSecuritiesYield
|
0.0217 | |
CY2015Q2 | wfsl |
Debt Extinguishment Costs
DebtExtinguishmentCosts
|
7941000 | USD |
wfsl |
Debt Extinguishment Costs
DebtExtinguishmentCosts
|
10554000 | USD | |
CY2016Q2 | wfsl |
Debt Extinguishment Costs
DebtExtinguishmentCosts
|
0 | USD |
wfsl |
Debt Extinguishment Costs
DebtExtinguishmentCosts
|
0 | USD | |
CY2015Q3 | wfsl |
Discount On Acquired Loans
DiscountOnAcquiredLoans
|
30095000 | USD |
CY2016Q2 | wfsl |
Discount On Acquired Loans
DiscountOnAcquiredLoans
|
14775000 | USD |
CY2015 | wfsl |
Fdic Indemnification Asset Amortization
FdicIndemnificationAssetAmortization
|
18588000 | USD |
wfsl |
Fdic Indemnification Asset Amortization
FdicIndemnificationAssetAmortization
|
1385000 | USD | |
CY2015 | wfsl |
Fdic Indemnification Asset Discount Accretion
FdicIndemnificationAssetDiscountAccretion
|
518000 | USD |
wfsl |
Fdic Indemnification Asset Discount Accretion
FdicIndemnificationAssetDiscountAccretion
|
187000 | USD | |
CY2014Q3 | wfsl |
Fdic Loss Share Receivable
FdicLossShareReceivable
|
36860000 | USD |
CY2015Q3 | wfsl |
Fdic Loss Share Receivable
FdicLossShareReceivable
|
16275000 | USD |
CY2016Q2 | wfsl |
Fdic Loss Share Receivable
FdicLossShareReceivable
|
13250000 | USD |
CY2015Q2 | wfsl |
Financing Receivable Allowance For Credit Losses Charge Offs Net Of Recoveries
FinancingReceivableAllowanceForCreditLossesChargeOffsNetOfRecoveries
|
313000 | USD |
CY2016Q2 | wfsl |
Financing Receivable Allowance For Credit Losses Charge Offs Net Of Recoveries
FinancingReceivableAllowanceForCreditLossesChargeOffsNetOfRecoveries
|
-2897000 | USD |
CY2015Q2 | wfsl |
Financing Receivable Allowance For Credit Losses Provision And Transfers
FinancingReceivableAllowanceForCreditLossesProvisionAndTransfers
|
-2399000 | USD |
wfsl |
Financing Receivable Allowance For Credit Losses Provision And Transfers
FinancingReceivableAllowanceForCreditLossesProvisionAndTransfers
|
-12632000 | USD | |
CY2016Q2 | wfsl |
Financing Receivable Allowance For Credit Losses Provision And Transfers
FinancingReceivableAllowanceForCreditLossesProvisionAndTransfers
|
-1800000 | USD |
wfsl |
Financing Receivable Allowance For Credit Losses Provision And Transfers
FinancingReceivableAllowanceForCreditLossesProvisionAndTransfers
|
-3301000 | USD | |
CY2015Q2 | wfsl |
Financing Receivable Modifications Number Of Contracts That Subsequently Defaulted
FinancingReceivableModificationsNumberOfContractsThatSubsequentlyDefaulted
|
11 | contract |
wfsl |
Financing Receivable Modifications Number Of Contracts That Subsequently Defaulted
FinancingReceivableModificationsNumberOfContractsThatSubsequentlyDefaulted
|
26 | contract | |
CY2016Q2 | wfsl |
Financing Receivable Modifications Number Of Contracts That Subsequently Defaulted
FinancingReceivableModificationsNumberOfContractsThatSubsequentlyDefaulted
|
7 | contract |
wfsl |
Financing Receivable Modifications Number Of Contracts That Subsequently Defaulted
FinancingReceivableModificationsNumberOfContractsThatSubsequentlyDefaulted
|
21 | contract | |
CY2015Q2 | wfsl |
Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
|
1895000 | USD |
wfsl |
Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
|
4320000 | USD | |
CY2016Q2 | wfsl |
Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
|
2227000 | USD |
wfsl |
Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
|
4211000 | USD | |
CY2015Q3 | wfsl |
Financing Receivable Ratioof Total Past Due Loansto Total Loans Receivable Netof Charge Offsand Loansin Process Current
FinancingReceivableRatioofTotalPastDueLoanstoTotalLoansReceivableNetofChargeOffsandLoansinProcessCurrent
|
0.9912 | |
CY2016Q2 | wfsl |
Financing Receivable Ratioof Total Past Due Loansto Total Loans Receivable Netof Charge Offsand Loansin Process Current
FinancingReceivableRatioofTotalPastDueLoanstoTotalLoansReceivableNetofChargeOffsandLoansinProcessCurrent
|
0.9927 | |
CY2015Q3 | wfsl |
Financing Receivable Ratioof Total Past Due Loansto Total Loans Receivable Netof Charge Offsand Loansin Process Past Due
FinancingReceivableRatioofTotalPastDueLoanstoTotalLoansReceivableNetofChargeOffsandLoansinProcessPastDue
|
0.0088 | |
CY2016Q2 | wfsl |
Financing Receivable Ratioof Total Past Due Loansto Total Loans Receivable Netof Charge Offsand Loansin Process Past Due
FinancingReceivableRatioofTotalPastDueLoanstoTotalLoansReceivableNetofChargeOffsandLoansinProcessPastDue
|
0.0073 | |
wfsl |
Financing Receivables Percentof Troubled Debt Restructuring Classifiedas Performing
FinancingReceivablesPercentofTroubledDebtRestructuringClassifiedasPerforming
|
0.960 | ||
wfsl |
Gain Losson Real Estate Heldforsale
GainLossonRealEstateHeldforsale
|
25817000 | USD | |
wfsl |
Gain Losson Real Estate Heldforsale
GainLossonRealEstateHeldforsale
|
14536000 | USD | |
CY2015Q3 | wfsl |
Goodwill And Intangible Assets Net
GoodwillAndIntangibleAssetsNet
|
299358000 | USD |
CY2016Q2 | wfsl |
Goodwill And Intangible Assets Net
GoodwillAndIntangibleAssetsNet
|
297537000 | USD |
CY2015Q3 | wfsl |
Gross Unrealized Gains On Investments
GrossUnrealizedGainsOnInvestments
|
38674000 | USD |
CY2016Q2 | wfsl |
Gross Unrealized Gains On Investments
GrossUnrealizedGainsOnInvestments
|
45068000 | USD |
CY2015Q3 | wfsl |
Gross Unrealized Losses On Investments
GrossUnrealizedLossesOnInvestments
|
29357000 | USD |
CY2016Q2 | wfsl |
Gross Unrealized Losses On Investments
GrossUnrealizedLossesOnInvestments
|
14177000 | USD |
wfsl |
Increase Decrease In Fdic Indemnification Asset
IncreaseDecreaseInFdicIndemnificationAsset
|
-714000 | USD | |
wfsl |
Increase Decrease In Fdic Indemnification Asset
IncreaseDecreaseInFdicIndemnificationAsset
|
1826000 | USD | |
wfsl |
Increase Decrease In Fdic Loss Share Receivable
IncreaseDecreaseInFdicLossShareReceivable
|
-1795000 | USD | |
wfsl |
Increase Decrease In Fdic Loss Share Receivable
IncreaseDecreaseInFdicLossShareReceivable
|
0 | USD | |
CY2015Q2 | wfsl |
Investment Income And Other
InvestmentIncomeAndOther
|
5055000 | USD |
wfsl |
Investment Income And Other
InvestmentIncomeAndOther
|
16084000 | USD | |
CY2016Q2 | wfsl |
Investment Income And Other
InvestmentIncomeAndOther
|
4710000 | USD |
wfsl |
Investment Income And Other
InvestmentIncomeAndOther
|
14990000 | USD | |
wfsl |
Loan Modification Basis Point Reduction Maximum
LoanModificationBasisPointReductionMaximum
|
0.02 | ||
wfsl |
Loan Modification Basis Point Reduction Minimum
LoanModificationBasisPointReductionMinimum
|
0.01 | ||
CY2015Q3 | wfsl |
Loans And Leases Receivable Charges To Allowance Loans In Process And Deferred Fees
LoansAndLeasesReceivableChargesToAllowanceLoansInProcessAndDeferredFees
|
652636000 | USD |
CY2016Q2 | wfsl |
Loans And Leases Receivable Charges To Allowance Loans In Process And Deferred Fees
LoansAndLeasesReceivableChargesToAllowanceLoansInProcessAndDeferredFees
|
943625000 | USD |
CY2015Q3 | wfsl |
Loans And Leases Receivable Ratio Of Loan Type To All Loans
LoansAndLeasesReceivableRatioOfLoanTypeToAllLoans
|
1 | |
CY2016Q2 | wfsl |
Loans And Leases Receivable Ratio Of Loan Type To All Loans
LoansAndLeasesReceivableRatioOfLoanTypeToAllLoans
|
1 | |
CY2015Q3 | wfsl |
Loans And Leases Receivable Ratio Of Total Past Due Loans To Total Loans Receivable Net Of Charge Offs And Loans In Process
LoansAndLeasesReceivableRatioOfTotalPastDueLoansToTotalLoansReceivableNetOfChargeOffsAndLoansInProcess
|
0.0088 | |
CY2016Q1 | wfsl |
Loans And Leases Receivable Ratio Of Total Past Due Loans To Total Loans Receivable Net Of Charge Offs And Loans In Process
LoansAndLeasesReceivableRatioOfTotalPastDueLoansToTotalLoansReceivableNetOfChargeOffsAndLoansInProcess
|
0.0090 | |
CY2016Q2 | wfsl |
Loans And Leases Receivable Ratio Of Total Past Due Loans To Total Loans Receivable Net Of Charge Offs And Loans In Process
LoansAndLeasesReceivableRatioOfTotalPastDueLoansToTotalLoansReceivableNetOfChargeOffsAndLoansInProcess
|
0.0073 | |
CY2015Q3 | wfsl |
Loans And Leases Receivable Ratio Of Type Of Nonperforming Loans To All Nonperforming Loans
LoansAndLeasesReceivableRatioOfTypeOfNonperformingLoansToAllNonperformingLoans
|
1 | |
CY2016Q2 | wfsl |
Loans And Leases Receivable Ratio Of Type Of Nonperforming Loans To All Nonperforming Loans
LoansAndLeasesReceivableRatioOfTypeOfNonperformingLoansToAllNonperformingLoans
|
1 | |
wfsl |
Loans Originated Net Of Principal Collections
LoansOriginatedNetOfPrincipalCollections
|
-204527000 | USD | |
wfsl |
Loans Originated Net Of Principal Collections
LoansOriginatedNetOfPrincipalCollections
|
-407641000 | USD | |
CY2015Q3 | wfsl |
Loans Receivable Netof Charge Offsand Loansin Process
LoansReceivableNetofChargeOffsandLoansinProcess
|
9346474000 | USD |
CY2016Q2 | wfsl |
Loans Receivable Netof Charge Offsand Loansin Process
LoansReceivableNetofChargeOffsandLoansinProcess
|
9791480000 | USD |
CY2016Q2 | wfsl |
Loansand Leases Receivable Allowancefor Credit Lossesand Reservefor Unfunded Commitments
LoansandLeasesReceivableAllowanceforCreditLossesandReserveforUnfundedCommitments
|
114251000 | USD |
CY2016Q2 | wfsl |
Loansand Leases Receivable Allowancefor Credit Lossesand Reservefor Unfunded Commitments Percentof Gross Loans
LoansandLeasesReceivableAllowanceforCreditLossesandReserveforUnfundedCommitmentsPercentofGrossLoans
|
0.0108 | |
wfsl |
Non Covered Real Estate Acquired Through Foreclosure
NonCoveredRealEstateAcquiredThroughForeclosure
|
25832000 | USD | |
wfsl |
Non Covered Real Estate Acquired Through Foreclosure
NonCoveredRealEstateAcquiredThroughForeclosure
|
13147000 | USD | |
wfsl |
Premises And Equipment Purchased And Reo Improvements
PremisesAndEquipmentPurchasedAndReoImprovements
|
24582000 | USD | |
wfsl |
Premises And Equipment Purchased And Reo Improvements
PremisesAndEquipmentPurchasedAndReoImprovements
|
35276000 | USD | |
wfsl |
Prepayment Penalty From Repaymentof Borrowing
PrepaymentPenaltyFromRepaymentofBorrowing
|
10554000 | USD | |
wfsl |
Prepayment Penalty From Repaymentof Borrowing
PrepaymentPenaltyFromRepaymentofBorrowing
|
0 | USD | |
CY2015Q2 | wfsl |
Proceedsfrom Saleof Availableforsale Securities Net
ProceedsfromSaleofAvailableforsaleSecuritiesNet
|
235110000 | USD |
wfsl |
Proceedsfrom Saleof Availableforsale Securities Net
ProceedsfromSaleofAvailableforsaleSecuritiesNet
|
235110000 | USD | |
CY2016Q2 | wfsl |
Proceedsfrom Saleof Availableforsale Securities Net
ProceedsfromSaleofAvailableforsaleSecuritiesNet
|
0 | USD |
wfsl |
Proceedsfrom Saleof Availableforsale Securities Net
ProceedsfromSaleofAvailableforsaleSecuritiesNet
|
0 | USD | |
CY2015Q2 | wfsl |
Product Delivery Expense
ProductDeliveryExpense
|
6175000 | USD |
wfsl |
Product Delivery Expense
ProductDeliveryExpense
|
17222000 | USD | |
CY2016Q2 | wfsl |
Product Delivery Expense
ProductDeliveryExpense
|
3822000 | USD |
wfsl |
Product Delivery Expense
ProductDeliveryExpense
|
13639000 | USD | |
CY2015Q3 | wfsl |
Savings And Demand Accounts And Repurchase Agreements With Customers
SavingsAndDemandAccountsAndRepurchaseAgreementsWithCustomers
|
10631703000 | USD |
CY2016Q2 | wfsl |
Savings And Demand Accounts And Repurchase Agreements With Customers
SavingsAndDemandAccountsAndRepurchaseAgreementsWithCustomers
|
10578916000 | USD |
CY2016Q2 | wfsl |
Single Family Residential Loans As Percentage Of Restructured Loans
SingleFamilyResidentialLoansAsPercentageOfRestructuredLoans
|
0.867 | |
wfsl |
Term Of Contractual Due Dates Of Substantially All Mortgage Backed Securities
TermOfContractualDueDatesOfSubstantiallyAllMortgageBackedSecurities
|
P10Y | ||
CY2015Q3 | wfsl |
Transaction Deposits
TransactionDeposits
|
5820878000 | USD |
CY2016Q2 | wfsl |
Transaction Deposits
TransactionDeposits
|
5920242000 | USD |
CY2015Q3 | wfsl |
Yield
Yield
|
0.0246 | |
CY2016Q2 | wfsl |
Yield
Yield
|
0.0260 | |
us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">New Accounting Pronouncements</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments - Credit Losses</font><font style="font-family:inherit;font-size:10pt;">. The amendments in this ASU were issued to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments that are not accounted for at fair value through net income, including loans held for investment, held-to- maturity debt securities, trade and other receivables, net investments in leases and other commitments to extend credit held by a reporting entity at each reporting date. The amendments require that financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The ASU eliminates the current framework of recognizing probable incurred losses and instead requires an entity to use its current estimate of all expected credit losses over the contractual life. The measurement of expected credit losses is based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the financial assets.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For purchased financial assets with a more-than-insignificant amount of credit deterioration since origination (“PCD assets”) that are measured at amortized cost, an allowance for expected credit losses is recorded as an adjustment to the cost basis of the asset. Subsequent changes in estimated cash flows would be recorded as an adjustment to the allowance and through the statement of income.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses rather than as a direct write-down to the security's cost basis. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amendments in this ASU are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For most debt securities, the transition approach requires a cumulative-effect adjustment to the statement of financial position as of the beginning of the first reporting period the guidance is effective. For other-than-temporarily impaired debt securities and PCD assets, the guidance will be applied prospectively. The Company is currently evaluating the provisions of this ASU to determine the impact the new standard will have on the Company's consolidated financial statements. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation-Stock Compensation- Improvements to Employee Share-Based Payment Accounting</font><font style="font-family:inherit;font-size:10pt;">, which involves several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Under the guidance, income tax benefits and deficiencies are to be recognized as income tax expense or benefit in the income statement and the tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity should also recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. Excess tax benefits should be classified along with other income tax cash flows as an operating activity. In regards to forfeitures, the entity may make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. This ASU is effective for fiscal years beginning after December 15, 2016 including interim periods within that reporting period; however, early adoption is permitted. The Company is currently evaluating the guidance to determine its adoption method and does not expect this guidance to have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842)</font><font style="font-family:inherit;font-size:10pt;">. The amendments require lessees to recognize a lease liability, which is a lessee's obligation to make lease payments arising from a lease, and a right-of-use asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term. The guidance also simplifies the accounting for sale and leaseback transactions. The amendments are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently evaluating the provisions of this ASU to determine the impact the new standard will have on the Company's consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU 2016-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recognition and Measurement of Financial Assets and Financial Liabilities</font><font style="font-family:inherit;font-size:10pt;">, to require all equity investments to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under equity method of accounting or those that result in consolidation of the investee). The amendments in this ASU also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This ASU is effective for fiscal years beginning after December 15, 2017 including interim periods within that reporting period. The Company does not expect this guidance to have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued ASU 2015-16, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Accounting for Measurement-Period Adjustments,</font><font style="font-family:inherit;font-size:10pt;"> which will require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period’s financial statements, the effect on earnings as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. In addition, an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amendments in ASU 2015-16 are effective for years beginning after December 15, 2015. Early adoption is permitted for reporting periods for which financial statements have not been issued. The Company does not expect this guidance to have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-05, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Customer’s Accounting for Fees Paid in Cloud Computing Arrangement</font><font style="font-family:inherit;font-size:10pt;">. The ASU was issued to clarify a customer's accounting for fees paid in a cloud computing arrangement. The amendments provide guidance to customers in determining whether a cloud computing arrangement includes a software license that should be accounted for as internal-use software. If the arrangement does not contain a software license, it would be accounted for as a service contract. The guidance in this ASU is effective for interim and annual periods beginning after December 15, 2015 and can be adopted either (1) prospectively to all arrangements entered into or materially modified after the effective date or (2) retrospectively. The Company does not expect this guidance to have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606)</font><font style="font-family:inherit;font-size:10pt;">. The guidance in this update supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the industry topics of the codification. For public companies, this update was to be effective for interim and annual periods beginning after December 15, 2016. However, in August 2015, the FASB issued ASU 2015-14, which delayed the effective date of ASU 2014-09 by one year and permits companies to voluntarily adopt the new standard as of the original effective date. The Company does not expect this guidance to have a material impact on its consolidated financial statements.</font></div></div> |